Recall in an earlier posting that highlighted the takeover
offer by Hwang major shareholders. It was speculated that another major
stakeholder DBS would accept the offer but the parties agreed for acceptance
did not work out as expected as per news article summarized below:
http://www.thestar.com.my/business/business-news/2016/10/10/hwang-capitals-conundrum/
Since the company’s share has been suspended there will be
no room for entry or further opportunities and this post caps off the Hwang privatization
journey.
Note: This is not an investment advice. Buy and sell any
securities at your own risk.
Disclosure: None.
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